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20121201
20121231
Search Results 0 to 9 of about 10 (some duplicates have been removed)
this family an extra $70 a month to spend. john is a maintenance man in jersey city, new jersey. >> are you paying any attention to what's going on in washington right now? >> of course. >> reporter: their $50,000 a year income put them almost exactly in the middle of the american household. if it's not extended those $1,035 more. >> do you have room to cut back? >> no. >> reporter: if the tax cut expires paycheck contributions will go from 4.2% to 6.2%. that's $115 billion a year that would go to deficit reduction instead of being pumped into the economy. heidi sherholtz is an economist. >> it's less money for consumers to spend, that means that the demand for business services will drop, who provides goods and services, workers, so employment will fall. >> reporter: those in favor allowing the tax cuts to expire argue money for social security payments has to come from somewhere. although john says that somewhere will mean doing without some of the basics. >> might be a pair of sneakers. >> reporter: might be a jacket. might be those pair of boots that they want to go there and keep warm
england. >> and the storm is covering a massive area at the moment. now, cities on the east coast are preparing for snow and possibly severe weather. >> edward lawrence from washington, thank you. >>> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. the deadline is only six days away. the president plans to leave hawaii today and head back to washington to meet with lawmakers. where heed he and his wife, michelle, spent christmas visiting u.s. troops and their families in hawaii. to beat the january 1st deadline senate majority leader harry reid is said to be crafting his own fiscal package. it would extend the bush era tax cuts for households making less than $250,000, extend long-term unemployment, short-term spending cuts, and make a scheduled drop in medicare reimbursement to doctors. house speaker john boehner said they've had no communication with senator reid. >>> the exconwho ambushed and killed two volunteer firefighters in upstate new york may have murdered his sister. her body was found yesterday, and police say william spamglor h
everywhere. >>> here's a look at today's forecast in some cities around the country. new york, occasional showers, 43. miami, mostly sunny, 74. chicago, mostly sunny, 35. dallas, partly sunny, 50. los angeles, partly sunny, 60. >>> time now for a check of the national forecast. a big winter storm will bring heavy snow and high winds from western new york to maine. heavy rain will soak coastal areas from delaware to southern new england. most of the south will be dry, but temperatures will plunge into the 20s and 30s in some places. the midwest will be mainly dry. heavy rain is forecast for the pacific northwest. more than a half foot of snow is expected across the northern and central rockies. >>> on the "cbs moneywatch," no joy for holiday sales, and where you'll find the country's most expensive metered parking. erica ferrari is here in new york with that and more. good morning, erica. >> good morning. the nation's retailers are hoping heavily discounted post-christmas sales will salvage the lackluster holiday season. consumer spending rose just 0.7% in the two months before christmas,
christmas in places like oklahoma city, little rock, and up into southeastern portions of st. louis. then the storm on wednesday and thursday moves into the ohio valley, great lakes, and inland portions of the northeast. some places will pick up around two feet of snow. most folks around a foot with wind gusts to around 40 and 50 miles per hour, making for a travel nightmare as we head through the week. really for tuesday and especially wednesday and thursday. reporting for cbs news, miami. >>> authorities in western new york still don't know what prompted an ex-con to gun down a group of firefighters. the gunman lured them to his neighborhood in the town of webster by setting a fire to a car and house. two firefighters were killed in the ambush. this morning, officials are looking for more victims. we have more from webster, new york. good morning. >> reporter: duarte, as investigators work to find out why two firefighters were killed, the whole town of webster is grieving this christmas. it's a day that should be about celebration. candles are burning for two firefighters killed i
city hospital this morning being treated for a blood clot related to her concussion earlier this month. >>> and feats of bravery on a frozen lake. a half dozen people fall through a sheet of life while trying to save a man from freezing cold water. captioning funded by cbs >>> this is the "cbs morning news" for monday december 31st 2012. good morning, everybody, on this new year's eve. good to be with you. i'm terrell brown. secretary of state hillary clinton is being treated for a blood clot. doctors found it following a concussion. marlie hall is at presbyterian hospital this morning. good morning. >> reporter: good morning, terrell. mrs. clinton will spend the morning at the hospital as doctors keep her under close watch. they say she'll be under observation for 48 hours. as you mentioned, a blood clot was mentioned after she came in for a routine exam. it was a follow-up actually to a concussion that she suffered earlier this month. now she has been given blood thinners for this blood clot and those blood thinners will take effect and will actually
survived or lost loved ones in gun violence gathered at city hall. that's how many people mayor michael bloomberg says are killed in shootings each year in the u.s. >> in a democratic society, you have to come together in what the majority of people want. every time there's a poll, the majority want sensible gun restrictions. >> reporter: they're pushing for tighter gun lawns including the type of assault weapon used in the newtown massacre. >> my daughter would have been 19 december 23. >> reporter: nardine's daughter was killed in a drive-by shooting moments after she attended the funeral of another shooting victim. >> it just shouldn't take so much bloodshed. >> reporter: the group joined mayor bloomberg in a new ad campaign pressuring lawmakers to come up with a plan to reduce the number of guns on the streets. >> i demand a plan, and so should you. >> reporter: dozens of people marched against the national rifle association in washington. >> shame on the nra! >> reporter: speaking out for a political action committee, the group says the gun rights group is partly to blame for trage
crystal triangles. several hundred thousand people are expected to pack times square in new york city to watch the countdown this evening. >>> "cbs moneywatch" time now on a monday morning. ford drives up sales and a key to returning your holiday gifts. i can't wait to hear this, miss ashley morrison. good morning to you. >> good morning to you, terrell. >>> strong growth in china fueled markets there. the shanghai composite index gained more than 1.5% while hong kong's hang seng lost a fraction and tokyo's nikkei was closed for the holiday. >>> it will be another short week on wall street because of new year's and promises to be another volatile week especially if no deal is reached on the fiscal cliff. on friday the dow dropped 158 points while the nasdaq fell 25 points. >>> ford motor's had another banner year. the automaker says they sold 2.2 million vehicles here in the u.s. in 2012. that's up from 2.1 million last year. the ford focus is their most popular model. this is the second year in a row ford has topped 2 million in sales, the only u.s. company to do that. >>> there may
at the weather in >>> here's look at the weather in cities around the country. in new york, 45 degrees. sunny. mostly sunshine in chicago, 46 degrees. turns cloudy in dallas, 62. rain ends in l.a., 61 degrees. >>> let's check your national forecast. in the west, the storm that's been hitting the area will move into southern california across to utah, bringing more rain and mountain snow. there could be some flooding in los angeles and las vegas. it will be dry across much of the midwest, northeast, and south, but expect random showers in parts of north carolina and eastern florida. >>> in sports this morning the warriors shocked the heat at home. lebron james dropped in 31 points. he's now scored at least 20 points for 25 games in a row, the longest current streak in the nba. in the fourth, score tied. time running out. a wide open. he lays in the game-winner. warriors fly by miami. warriors now winners of five in a row. >>> a thriller in salt lake. jazz down by two. paul millsap hits up. at the buzzer mo williams tosses one from long range and hits the big game-winner. jazz down san antonio,
Search Results 0 to 9 of about 10 (some duplicates have been removed)